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Read the following statements. 1. Balance of payments of a country is an aggregate record of domestic economic transactions of a country. 2. These transactions include exports and imports of goods, services and financial assets, along with transfer payments (like foreign aid). 3. The balance of payments is an important economic indicator for ‘open’ economies Which of the given statements is/are true?
Correct Answer: (d)
Official keyThis question appeared in the JKPSC Prelims 2021 examination (GS-I). It is Question 63 out of 100 questions in this paper.
This question was part of the JKPSC Prelims 2021 (GS-I). The JKPSC Prelims examination tests candidates on general studies, current affairs, and aptitude through multiple-choice questions.
Practice previous year questions from all JKPSC Prelims papers and compare patterns with UPSC Prelims PYQ to identify overlapping topics.